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Latest Articles in oil prices

Benchmark Indices Rise On IT, Metals Boost; Sensex Reclaims 60,000 Mark

Domestic investor sentiment was also lifted by the sliding oil prices. Oil prices slipped on Monday on the prospect of further interest rate hikes in the United States and Europe, and over demand concerns following the imposition of COVID-19 restrictions in China

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Oil Prices Slump Below $90 As Recession Fears Mount

Brent crude futures settled down USD 4.83 to $88 a barrel, falling below USD 90 a barrel for the first since Feb. 8. US West Texas Intermediate crude settled down by USD 4.94, or 5.7 per cent, to USD 81.94, its lowest since January

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Oil Rises After Putin Threatens To Halt Supply

Oil rebounded after President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia's energy resources

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Oil Slides To 7-mth Low On Renewed Demand Fears, Rate Hike Expectations

Oil pared strong gains made on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and their allies, a group known as OPEC+, decided to cut output by 100,000 barrels per day in October

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OPEC+ Cuts Oil Output For First Time In A Year

In the grouping’s meeting held on Monday, it was decided to reduce production by 100,00 barrels a day next month, taking supplies back to August levels

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OPEC+ May Weigh Rollover Or Small Cut At Monday Meeting

The Organisation of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meets as demand faces headwinds and supply could be boosted by returning Iranian crude if Tehran secures a deal with world powers on its nuclear work

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Oil Tumbles On Inflation Woes, Iraq Exports

The market awaits the upcoming meeting of the Organization of the Petroleum Exporting Countries and allies such as Russia, known as OPEC+, on Sept. 5

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Oil Settles Up More Than 4% On Prospect Of OPEC+ Supply Cut

Saudi Arabia, top producer in the Organization of the Petroleum Exporting Countries (OPEC), last week raised the possibility of production cuts, which sources said could coincide with a boost in supply from Iran should it clinch a nuclear deal with the West

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Oil Prices Sink $2/bbl On Possible Iran Oil Exports, Rising Interest Rates

Talks between the European Union, the United States and Iran to revive the 2015 nuclear deal are continuing, with Iran saying it had received a response from the United States to the EU's "final" text to resurrect the agreement

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Benchmark Indices Give Up Intra-day Gains, Sensex Slumps 311 Pts

At close, the Sensex was down 310.71 points or 0.53 per cent at 58,774.72, and the Nifty was down 82.50 points or 0.47 per cent at 17,522.50

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Oil Prices Rise On Potential OPEC+ Supply Cuts

Both crude oil benchmark contracts touched three-week highs on Wednesday after the Saudi energy minister flagged the possibility that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, will cut production to support prices

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Oil Steady As Fears Of Imminent OPEC+ Output Cut Fade

Potential output cuts from OPEC and its allies, known as OPEC+, may not be imminent and are likely to coincide with the return of Iran to oil markets should that country clinch a nuclear deal with the West

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Oil Prices Rise After Saudi Says OPEC Could Cut Output

The Organisation of the Petroleum Exporting Countries stands ready to reduce production to correct the recent oil price fall driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply, OPEC's leader Saudi Arabia said on Monday

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Oil Slumps On Fears Over Economic Slowdown, Stronger Dollar

Brent crude futures for October settlement fell $1.60, or 1.6 per cent, to $95.12 a barrel

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Oil Prices Down 1.5% For The Week On Recession Jitters

Oil briefly jumped in volatile trade on comments by Richmond Federal Reserve President Thomas Barkin who said the drive to raise rates also needs to be balanced with the impact rate hikes are having on the economy

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